the great depression

the great depression - Page Text Content

BC: THE END

FC: THE GREAT DEPRESSION

1: What was life like during the Great Depression? The life in the Great Depression was hard for everyone like in this picture war veterans are simply trying to get paid but it is hard for the government to do so because there is so little money.

2: The dust storms during the great depression destroyed all the crops making it hard to live. For years, American farmers poorly managed their crop rotations. During the years of 1930 and 1936 when severe drought prevailed across much of America's plains, dust bowls were created. Soil turned to dust and large dark clouds could be seen across the horizon in Texas, Oklahoma, Kansas, Nebraska, Colorado, and New Mexico.

3: How long did the Great Depression last? The Great Depression was a severe worldwide, economic depression in the decade preceding WW2. The timing of the Great Depression varied across nations, but in most countries it started in 1929 and lasted until the late 1930's or early 1940's. It was the longest, most widespread, and deepest depression of the 20th century.

4: What caused the Great Depression? The popular belief is that the great depression was caused by the stock market dropping rapidly. But the truth is that a deflation in asset and commodity prices, dramatic drops in demand and credit, and disruption of trade. Ultimately resulting in widespread unemployment and hence poverty.

5: Who was affected by the Great Depression? the Great depression had devastating effects in virtually every country, rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%. Cities all around the world were hit hard, especially those dependent on heavy industry. Farming and rural areas suffered as crop prices fell by approximately 60%.

6: the Great Depression was a terrible time for everyone, even these little boys.

7: How did the Great Depression end? Each new deal program had its own success. Some programs regulated wages and prices, which helped most families buy things they needed like food and clothing. Others employed people as conversation workers, artists, writers, and laborers. Social Security helped the elderly who could no longer work and savings were gone. Most historians agree that though the new deal programs helped alleviate some of the problems during the Great Depression, they did not end the economic downturn.